Swiss National Bank accompanying statement to policy decision 15 Dec
- franc still significantly overvalued
- expects moderate pace of global growth to continue in 2017
- structural problems in a number of advanced economies could be negatively affect the outlook
- will regularly reassess the need for an adjustment of the counter-cyclical capital buffer
No change in tone from Jordan & Co.
- sees 2016 GDP at 1.5% as prev, 2017 1.5%
- 2016 inflation -0.4% as prev, 2017 +0.1% vs +0.2%
Earlier the govt came out with their own f/casts here
USDCHF 1.0243 EURCHF 1.0742 still holding their own.
Jordan & Co still intervening
